Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

Last week's FOMC announcement was more hawkish than expected, and the market took the news in stride. Market dynamics have improved significantly since the announcement, which has us inching toward an outright bullish outlook; we are just waiting for price breakouts from cyclical areas including small-caps (IWM), Financials (XLF), and Energy (XOP).Charts highlighted: COP, EOG, DVN, CLR, FANG, MRO, XEC, COG, AR, MUR, USB, PNC, FITB, KEY, RF, CMA, SIVB, WAL, EWBC, ZION, PACW, UMPQ, FHB, and CATY.

Last week's FOMC announcement was more hawkish than expected, and the market took the news in stride. Market dynamics have improved significantly since the announcement, which has us inching toward an outright bullish outlook; we are just waiting for price breakouts from cyclical areas including small-caps (IWM), Financials (XLF), and Energy (XOP).Charts highlighted: COP, EOG, DVN, CLR, FANG, MRO, XEC, COG, AR, MUR, USB, PNC, FITB, KEY, RF, CMA, SIVB, WAL, EWBC, ZION, PACW, UMPQ, FHB, and CATY.

10-Yr Treasury Yield Breaking Out; Downgrading U.S. Consumer Staples and Utilities To Underweight

The market environment remains very mixed, with constant Sector rotations resulting in very few Sectors out- or under-performing for sustained periods. At the same time, market dynamics give us little-to-no reason to be bearish (aside from the simple fact that the S&amp;P 500 has not pulled back even 5% for over 6 months). Growth Sectors (Communications, Technology) and large-caps (S&amp;P 500) have been the primary winners and we recommend sticking with them until we see evidence of change. To that end, we are watching 1.38-1.45% on the 10-year Treasury yield; as long as the 10-year is below this level we expect to see growth and large-caps continue to outperform, however a break above 1.45% would likely signal a shift in favor of value and small-caps.Charts Highlighted: SPX, WTI Crude Oil, XOP, US Dollar, DXJ, YZCAY, BTU, HCC, ARCH, ARLP, METC, HNRG, CCJ, PALAF, DNN, UUUU, UEC, LEU, ATCO, MATX, SBLK, CMRE, GSL, GNK, NMM, EGLE, DSX, SB, and ESEA

The market environment remains very mixed, with constant Sector rotations resulting in very few Sectors out- or under-performing for sustained periods. At the same time, market dynamics give us little-to-no reason to be bearish (aside from the simple fact that the S&amp;P 500 has not pulled back even 5% for over 6 months). Growth Sectors (Communications, Technology) and large-caps (S&amp;P 500) have been the primary winners and we recommend sticking with them until we see evidence of change. To that end, we are watching 1.38-1.45% on the 10-year Treasury yield; as long as the 10-year is below this level we expect to see growth and large-caps continue to outperform, however a break above 1.45% would likely signal a shift in favor of value and small-caps.Charts Highlighted: SPX, WTI Crude Oil, XOP, US Dollar, DXJ, YZCAY, BTU, HCC, ARCH, ARLP, METC, HNRG, CCJ, PALAF, DNN, UUUU, UEC, LEU, ATCO, MATX, SBLK, CMRE, GSL, GNK, NMM, EGLE, DSX, SB, and ESEA

S&P 500 Near Support; Watching Energy For Strength; Buying Coal, Uranium Miners, & Dry-Bulk Shippers

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

<a href="https://www.smartkarma.com/entities/crude-oil" target="_blank" rel="noopener" data-smartkarma-citation="entities:22869:1">Crude Oil (CRUDE OIL COMDTY)</a> is setting up for a secondary spike on supply constraints and increased tensions. Chart support comes in near Friday's gap with trendline support running near the 56 level with time translation. Given the this support and odds of latent strength as pundits begin to price in a harder winter, this bias has shifted to the upside with a macro new high bear stance for 2020.Overhead resistance lies at 64.00-50 with 57 lower support as the well defined range to trade in coming months. Our tactical buy zone lies just above range support.Macro - A new high near 70-74 in Q4 would provide a fresh opportunity to short oil for a more bearish 2020 cycle.XOP buy levels are presented with fade resistance points.

Crude Oil (CRUDE OIL COMDTY) is setting up for a secondary spike on supply constraints and increased tensions. Chart support comes in near Friday's gap with trendline support running near the 56 level with time translation. Given the this support and odds of latent strength as pundits begin to price in a harder winter, this bias has shifted to the upside with a macro new high bear stance for 2020.Overhead resistance lies at 64.00-50 with 57 lower support as the well defined range to trade in coming months. Our tactical buy zone lies just above range support.Macro - A new high near 70-74 in Q4 would provide a fresh opportunity to short oil for a more bearish 2020 cycle.XOP buy levels are presented with fade resistance points.

Crude oil is breaking below the all important 200-day moving average and, with abysmal RS, we are forced to cut ties with the Sector; moving to underweight from market weight. Weakness can be seen across the board, from the E&amp;P companies to the service companies. Perhaps the biggest beneficiaries of declining oil prices will be the Consumer and the Emerging Markets. We would also be cautious of financials with large exposures to energy companies.

Crude oil is breaking below the all important 200-day moving average and, with abysmal RS, we are forced to cut ties with the Sector; moving to underweight from market weight. Weakness can be seen across the board, from the E&amp;P companies to the service companies. Perhaps the biggest beneficiaries of declining oil prices will be the Consumer and the Emerging Markets. We would also be cautious of financials with large exposures to energy companies.

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Equity Bottom-Up

Global X Mlp & Energy Infras / Equity Bottom-Up

<ul>
<li>With oil prices expected to remain under pressure from a persistent supply glut, investors and dealmakers are turning cautious and prioritising capital efficiency.</li>
<li>Private equity-led consolidation in midstream signals growing demand for yield resilience amid falling oil prices and market uncertainty.</li>
<li>MLPX ETF inflows in 2025 highlight investor preference for dependable midstream returns over cyclical energy exposure.</li>
</ul>


With oil prices expected to remain under pressure from a persistent supply glut, investors and dealmakers are turning cautious and prioritising capital efficiency.
Private equity-led consolidation in midstream signals growing demand for yield resilience amid falling oil prices and market uncertainty.
MLPX ETF inflows in 2025 highlight investor preference for dependable midstream returns over cyclical energy exposure.


Capital Shifts Toward Stability as Energy M&A Adapts to Lower Oil Prices

United States

SPDR S&P Oil & Gas Exploration & Production ETF is an exchange-traded fund incorporated in the USA. The Fund's objective is to replicate as closely as possible the S&P Oil & Gas Exploration & Production Select Industry Index, an equal-weighted index.

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SPDR S&P Oil & Gas Exploration (XOP US)

10-Yr Treasury Yield Breaking Out; Downgrading U.S. Consumer Staples and Utilities To Underweight

The 10-year Treasury yield broke above the key 1.38% resistance level last week, a bullish signal for the broad equity market and also a bullish...

Vermilion Research

S&P 500 Near Support; Watching Energy For Strength; Buying Coal, Uranium Miners, & Dry-Bulk Shippers

On August 31 we noted to expect some consolidation in the S&P 500 after it hit our 4535 initial target. The S&P 500 is now testing key support at...

Vermilion Research

WTI Tactical Long/Short Range

Crude Oil (CRUDE OIL COMDTY) is setting up for a secondary spike on supply constraints and increased tensions. Chart support comes in near Friday's...

Thomas Schroeder

Energy Breaking Down - Underweight

Crude oil is breaking below the all important 200-day moving average and, with abysmal RS, we are forced to cut ties with the Sector; moving to...

Vermilion Research

Capital Shifts Toward Stability as Energy M&A Adapts to Lower Oil Prices

Investors prioritize capital efficiency and yield resilience in midstream sector amid falling oil prices and market uncertainty.

Mint Finance

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

10-Yr Treasury Yield Breaking Out; Downgrading U.S. Consumer Staples and Utilities To Underweight

The 10-year Treasury yield broke above the key 1.38% resistance level last week, a bullish signal for the broad equity market and also a bullish...

Vermilion Research

S&P 500 Near Support; Watching Energy For Strength; Buying Coal, Uranium Miners, & Dry-Bulk Shippers

On August 31 we noted to expect some consolidation in the S&P 500 after it hit our 4535 initial target. The S&P 500 is now testing key support at...

Vermilion Research

WTI Tactical Long/Short Range

Crude Oil (CRUDE OIL COMDTY) is setting up for a secondary spike on supply constraints and increased tensions. Chart support comes in near Friday's...

Thomas Schroeder

Energy Breaking Down - Underweight

Crude oil is breaking below the all important 200-day moving average and, with abysmal RS, we are forced to cut ties with the Sector; moving to...

Vermilion Research

Capital Shifts Toward Stability as Energy M&A Adapts to Lower Oil Prices

​Investors prioritize capital efficiency and yield resilience in midstream sector amid falling oil prices and market uncertainty.

Mint Finance

Investors prioritize capital efficiency and yield resilience in midstream sector amid falling oil prices and market uncertainty.